SafeNet Mykotronx Awarded IDIQ Contract from the Department of Defense
March 02 2007 - 3:41PM
Business Wire
SafeNet, Inc. (NASDAQ: SFNT), setting the standard for information
security, announced today that SafeNet�s subsidiary, Mykotronx,
Inc. was awarded on March 2, 2007 an Indefinite Delivery Indefinite
Quantity (IDIQ) contract from the Department of Defense (DoD). This
latest, five-year term IDIQ contract is for the products of two
vendors, including Mykotronx�s KIV-7M line, as well as an optional
High Assurance Internet Protocol Encrytor-compliant (HAIPE)
interface card. The contract sets an aggregate limit of $400
million for total orders under the contract, but does not guarantee
orders from the Department of Defense. The compact and rugged
KIV-7M is a multi-channel, multi-functional encryptor that enables
users to replace multiple legacy devices with a single unit,
reducing operating costs for the user and saving valuable space and
weight aboard ground vehicles, ships and aircraft. The KIV-7M is
fully compliant with all tenants of the U.S. Government�s
Crypto-Modernization Initiative (CMI). An optional HAIPE-compliant
interface card is also available through the latest IDIQ contract,
making the KIV-7M the first Crypto-Modern product to support both
the U.S. Government�s Type 1 link and network encryption standards.
This award does not impact SafeNet�s previously disclosed 2007
financial guidance. About SafeNet, Inc. SafeNet is a global leader
in information security. Founded more than 20 years ago, the
company provides complete security utilizing its encryption
technologies to protect communications, intellectual property and
digital identities, and offers a full spectrum of products
including hardware, software, and chips. UBS, Nokia, Fujitsu,
Hitachi, ARM, Bank of America, NetGear, the Departments of Defense
and Homeland Security, Adobe, Samsung, Texas Instruments, the U.S.
Internal Revenue Service and scores of other customers entrust
their security needs to SafeNet. For more information, visit
www.safenet-inc.com "Safe Harbor" Statement under the Private
Securities Litigation Reform Act of 1995 The statements contained
in this release, which are not historical facts, are
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. These statements are subject to uncertainties that
could cause actual results to differ materially from those set
forth in or implied by forward-looking statements. Important
factors that could cause actual results to differ materially are
included but are not limited to those listed in SafeNet's periodic
reports and registration statements filed with the Securities and
Exchange Commission. The Company assumes no obligation to update
information concerning its expectations. Editor's Note: SafeNet is
a registered trademark of SafeNet, Inc. All other trademarks are
the property of their respective owners.
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